Frontier to sell four aircraft to VTB Leasing to be operated by Rossiya

Frontier Airlines reached agreement to sell two of its 49 A319s and two of its 11 A318s to VTB Leasing, which in turn will lease them to St. Petersburg-based Rossiya Airlines. SkyWorks Leasing arranged the sale. Financial terms were not disclosed. The move is part of the Denver-based carrier's effort to modernize its fleet in the face of high energy costs. President and CEO Sean Menke characterized its recent financial losses as "clearly not acceptable" and vowed to make necessary changes ...

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